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GBP Daily Review July 25, 2019

GBP Daily Review for July 25, 2019

GBP Price Outlook: Further Falls Possible as Boris Faces Brexit Stalemate

New UK Prime Minister Boris Johnson is facing a near-impossible task: delivering a Brexit deal. That could mean still more losses for GBPUSD, although the potential downside may now be limited.

 

EURGBP Technical Outlook Points to Lower Prices

EURGBP has a few technical developments which suggest it is headed for more weakness ahead.

 

GBP/USD surges through 1.2500 handle, refreshes weekly tops

The GBP/USD pair surged through the key 1.2500 psychological mark and refreshed weekly tops in the last hour. After an early European session dip, the

 

GBP/JPY technical analysis: Holds steady near 200-hour EMA, bulls await a sustained move beyond 135.00 mark

However, given that the cross has repeatedly failed to find acceptance above the mentioned barrier, traders are likely to wait for a strong follow-thr

 

EUR/GBP challenges 4-week lows near 0.8930

The now firmer tone around the Sterling is forcing EUR/GBP to recede further ground and test multi-week lows in the 0.8930 region. EUR/GBP looks to Bo

 

GBP/USD jumps above mid-1.2400s, lacks follow-through

The GBP/USD pair quickly reversed an early European session dip to the 1.2825 area and rallied over 30-pips in the last hour, refreshing session tops.

 

GBP: Strength to be faded as we get closer to general election – ING

Petr Krpata, chief EMEA FX and IR strategist at ING, points out that in the UK, after winning the leadership battle with a comfortable margin (with ar

 

Crude Oil Prices Back in Contango, GBP Jumps as EUR/GBP Suffers – US Market Open

Crude Oil Prices Back in Contango, GBP Jumps as EUR/GBP Suffers – US Market Open

 

GBP/USD technical analysis: Cable rolling into the Asian session near the 1.2478 level

 

GBP/USD technical analysis: Cable off daily highs, trading near 1.2500 handle

 

EUR/GBP consolidates daily losses and holds near 0.8900 as Johnson becomes PM

The EUR/GBP pair is back near daily lows after a rebound found resistance at 0.8930. As of writing trades at 0.8915, down 50 pips for the day, on its

 




GBP/USD retreats from weekly tops, holds steady around 1.2500 mark

The GBP/USD pair quickly retreated around 30-40 pips from weekly tops, albeit has still managed to hold with decent gains just below the key 1.2500 ps

 

EUR/USD and GBP/USD Forecast July 25, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

GBP/USD refrains from crossing 21-day EMA amid UK cabinet overhaul

With the pro-Brexiteers holding key UK positions under the new PM, GBP/USD refrains from extending previous gains while declining to 1.2475 on early Thursday.

 

EUR/GBP technical analysis: Head-and-shoulders breakdown confirmed

EUR/GBP looks south with the hourly chart reporting a head-and-shoulders breakdown, a bearish reversal pattern. The breakdown has created room for a d

 

GBP/JPY technical analysis: Eyes 30-day MA hurdle

GBP/JPY is looking north at the descending 30-day moving average (MA) of 135.82, having confirmed a bullish candlestick pattern on Wednesday. The curr

 

Have a nice trading!




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